Garrison Capital (NASDAQ:GARS) – Investment analysts at William Blair lowered their Q2 2018 earnings per share estimates for shares of Garrison Capital in a research report issued to clients and investors on Wednesday, May 16th. William Blair analyst R. Napoli now forecasts that the investment management company will post earnings per share of $0.30 for the quarter, down from their prior forecast of $0.33. William Blair also issued estimates for Garrison Capital’s Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $1.06 EPS and FY2019 earnings at $0.89 EPS.
Garrison Capital (NASDAQ:GARS) last posted its quarterly earnings results on Tuesday, May 8th. The investment management company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. Garrison Capital had a return on equity of 9.58% and a net margin of 32.34%. The firm had revenue of $10.22 million during the quarter, compared to the consensus estimate of $9.91 million.
GARS stock opened at $8.53 on Friday. Garrison Capital has a 12-month low of $8.40 and a 12-month high of $8.40. The company has a quick ratio of 7.95, a current ratio of 7.95 and a debt-to-equity ratio of 1.27. The stock has a market cap of $135.14 million, a price-to-earnings ratio of 7.97 and a beta of 0.18.
A number of hedge funds have recently bought and sold shares of GARS. BlackRock Inc. lifted its stake in shares of Garrison Capital by 11.4% during the fourth quarter. BlackRock Inc. now owns 108,414 shares of the investment management company’s stock worth $879,000 after purchasing an additional 11,119 shares in the last quarter. Caxton Corp lifted its stake in shares of Garrison Capital by 17.6% during the fourth quarter. Caxton Corp now owns 1,000,000 shares of the investment management company’s stock worth $8,110,000 after purchasing an additional 150,000 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Garrison Capital by 18.0% during the fourth quarter. Two Sigma Advisers LP now owns 81,828 shares of the investment management company’s stock worth $664,000 after purchasing an additional 12,500 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Garrison Capital by 99.5% during the fourth quarter. Millennium Management LLC now owns 24,735 shares of the investment management company’s stock worth $201,000 after purchasing an additional 12,335 shares in the last quarter. Finally, Blair William & Co. IL lifted its stake in shares of Garrison Capital by 41.1% during the first quarter. Blair William & Co. IL now owns 28,500 shares of the investment management company’s stock worth $231,000 after purchasing an additional 8,300 shares in the last quarter. 25.42% of the stock is owned by hedge funds and other institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 8th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 13.13%. The ex-dividend date is Thursday, June 7th. Garrison Capital’s dividend payout ratio (DPR) is presently 104.67%.
About Garrison Capital
Garrison Capital Inc is a managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by making investments primarily in debt securities and loans of the United States-based middle-market companies, which it defines as those having annual earnings before interest, taxes and depreciation, or EBITDA, of certain amount.
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